Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2582 S Academy Blvd Colorado Springs, CO 80916

    • Distribution centers
    • 4,200 SF
    • 0.46 lot acres
    For Sale
    View listing
    $749,950
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2811624
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Apotheke / Cannabis Store

    Property Details for 2582 S Academy Blvd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    4,200 SF
    Zone code
    PBC CU AO
    Property type
    Distribution centers
    APN
    6434113008
    APU
    6434113008

    Description

    This exceptional 11,250-square-foot industrial flex space, built in 2024, is situated on a 5-acre lot at the corner of Pulaski and South Streets and zoned Lt Ind. The property consists of nine individual units, each measuring 1,250 square feet and offering a highly desirable combination of features. Each unit boasts a 19-foot clear ceiling height, perfect for various uses. Access is provided by a 14' x 14' overhead door and a 3' x 6.8' front door. Internal amenities include a bathroom and a gas ceiling-mounted heater; air conditioning can be added at an additional cost. The property benefits from city water and sewer connections, along with robust 200-amp, 3-phase electrical service. Units are divisible down to 1,250 square feet, with the possibility of leasing contiguous space up to the full 11,250 square feet. This is a rare opportunity to secure brand new, high-quality flex space in a convenient location. Nine drive-in doors provide easy access for loading and unloading. This single-story building presents a versatile solution for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.758
    Latitude
    38.7944
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $35,980
    $98,210
    $134,190
    -
    $128,955
    $352,018
    $480,973

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      4655 Town Ctr Dr, Unit 50

      DISTRIBUTION WAREHOUSE • 1,800 SF
      4655 Town Ctr Dr, Colorado Springs, CO 80916-4764
      View Details
    • Value Estimation
      $7,610,000
      92,000 SF

      2845 Academy Blvd

      DISTRIBUTION WAREHOUSE • 92,000 SF
      2845 Academy Blvd, Colorado Springs, CO 80916
      View Details
    • Value Estimation
      $4,380,000
      48,570 SF

      1775 Murray Blvd

      DISTRIBUTION WAREHOUSE • 48,570 SF
      1775 Murray Blvd, Colorado Springs, CO 80916-4513
      View Details
    • Value Estimation
      $6,795,000
      75,952 SF

      2520 Aviation Way

      DISTRIBUTION WAREHOUSE • 75,952 SF
      2520 Aviation Way, Colorado Springs, CO 80916-2755
      View Details
    • Value Estimation
      $755,000
      5,500 SF

      1972 Aerotech Dr

      DISTRIBUTION WAREHOUSE • 5,500 SF
      1972 Aerotech Dr, Colorado Springs, CO 80916-4205
      View Details
    • Value Estimation by Request
      3,001 SF

      1902 Aerotech Dr, Unit 6

      DISTRIBUTION WAREHOUSE • 3,001 SF
      1902 Aerotech Dr, Colorado Springs, CO 80916-4215
      View Details

    Similar Nearby for Sale

    • $3,603,228
      20,922 SF

      Aviation Way Executive Office/Warehouse

      Colorado Springs Industrial Property - $3.6M
      1420-1460 Aviation Way, Colorado Springs, CO 80916
      View Details
    • $6,345,000
      50,146 SF

      Colorado Springs Industrial Warehouse

      50,146 SF Distribution Center - $6.3M
      855 Aeroplaza Dr, Colorado Springs, CO 80916
      View Details
    • $943,800
      1.43 Acres

      Colorado Springs Industrial Land

      1.43-acre industrial lot, prime location.
      5740 Industrial Pl, Colorado Springs, CO 80916
      View Details
    • $749,950
      4,200 SF

      Retail/Flex Building on Academy Blvd

      Single-tenant retail/flex building with high visibility and ample parking.
      2582 S Academy Blvd, Colorado Springs, CO 80916
      View Details
    • $6,345,000
      50,146 SF

      Airport Area Warehouse For Sale

      50,146 SF warehouse in Airport submarket, Opportunity Zone.
      855 Aeroplaza Dr, Colorado Springs, CO 80916
      View Details
    • $3,500,000
      12,303 SF

      Colorado Springs Industrial Property

      Industrial property available for sale in Colorado Springs, CO.
      4625 Town Center Dr, Colorado Springs, CO 80916
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      50,550 SF

      Classic Colorado Springs Warehouse

      12,654 SF Warehouse Space Available
      1835-1853 Murray Blvd, Colorado Springs, CO 80916
      View Details
    • $10 SF/Yr
      52,130 SF

      Southeast El Paso County Warehouse

      Modern Warehouse Space Available Now
      1525-1589 Vapor Trl, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      265,436 SF

      Triumph Logistics Center: Prime Distribution Space

      Class A Distribution Center; 50,000 - 265,436 SF available.
      350 Troy Hill Rd, Colorado Springs, CO 80916
      View Details
    • $9 SF/Yr
      2,864 SF

      Industrial Space with Overhead Door

      Industrial space featuring an overhead door, suitable for warehouse use.
      4160-4198 Center Park Dr, Colorado Springs, CO 80916
      View Details
    • Contact for pricing

      Rustic Hills Commerce Center

      Industrial redevelopment project in Colorado Springs.
      1715 N Academy Blvd, Colorado Springs, CO 80916
      View Details
    • $12 SF/Yr
      4,164 SF

      Adaptable Flex Space with Warehouse

      4,164 SF flex space with warehouse and fenced yard.
      4725 Town Center Dr, Colorado Springs, CO 80916
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2582 S Academy Blvd
    Colorado Springs, CO 80916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.